Unpacking Google's big India announcements

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Google has announced that it will start manufacturing its Pixel 8 smartphones in India, adding to the list of marquee tech brands that India has signed on. It will also enter the retail loan segment, offering sachet loans or small-sized personal loans, via the Google Pay app. Why is it expanding its lending portfolio in India, and how much can it contribute to the Make in India dream? Counterpoint Research's Prachir Singh helps us understand